Seven Valleys Acquires Miami Development Site From RedSky Capital For $26M

Zhang Xin, Pan Shiyi, and Benjamin Bernstein have completed the sale of a development site in Miami. The property, located at 257 Northwest 27th Street, 252, 268 & 276 Northwest 27th Terrace, and 2700 Northwest 2nd Avenue, was sold for a price of $26,000,000. The site is a development opportunity with a buildable square footage (BSF) of 43,560, resulting in a price per buildable square footage (PPBSF) of $597.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $26,000,000

The buyer of the property is Seven Valleys, represented by Zhang Xin and Pan Shiyi. On the other hand, the seller is RedSky Capital, represented by Benjamin Bernstein and JZ Capital Partners.